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World Liberty Financial (WLF), a decentralized finance (DeFi) project associated with President elect Donald Trump’s family, has announced plans to establish a “strategic reserve” of cryptocurrency assets.
The announcement was made by WLF co-founder Chase Herro at the Ondo Summit in New York, where Donald Trump Jr. also expressed strong support for the digital asset industry.
Trump Jr. Calls Crypto the “Future of American Hegemony”
Donald Trump Jr. made a surprise appearance at the Ondo Summit on Thursday, where he spoke about cryptocurrency’s role in global finance. Addressing industry leaders, he stated that he believes crypto will shape the future of the U.S. economy.
“I think it’s perhaps the future of American hegemony, in terms of our economic status, our economic might,” Trump Jr. said at the event. His remarks were part of a broader discussion on the role of digital assets in financial markets and regulatory policies.
WLF, which has been actively purchasing digital tokens in recent months, recently acquired $470,000 worth of ONDO, the native cryptocurrency of Ondo Finance. The company has also invested in Ethereum (ETH ($2,710.23)), wrapped Bitcoin (wBTC), Tron’s TRX ($0.23), AAVE ($244.69), and Chainlink’s LINK ($18.81), among other tokens.
World Liberty Financial’s Strategic Reserve Plans
Chase Herro, co-founder of WLF, revealed that the company is setting up a strategic crypto reserve but did not specify its intended purpose.
“We are big builder fans,” he said, referring to WLF’s continued investment in digital assets.
The idea of a cryptocurrency reserve has been a topic of discussion since Trump’s presidential campaign last year. In January, he signed an executive action to evaluate the feasibility of a digital asset stockpile. This has fueled speculation about the role WLF could play in shaping national policies on decentralized finance.
This Is A Developing News, Please Check Back For More
The post Just In: World Liberty Financial to Launch Strategic Reserve as Trump Jr. Backs Crypto appeared first on CoinGape.
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